Advancing Enterprise Architecture

XBRL and the Collection of Call Report Data Mike Bartell Chief Information Officer

FDIC

FFIEC Call Report Modernization Project

 FFIEC Call Agencies  FDIC  FRB  OCC  XBRL – e

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tensible

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usiness

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eporting

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anguage  Operational launch is planned for the third quarter – October 1, 2005 2

FFIEC Central Data Repository

Project Goals  Update the process by which Call Report data are defined, managed and used  Gain industry-wide efficiencies in the exchange of financial data by using the Internet and XML based standards  Create an extensible platform for current and future reporting needs 3

Expected Results

 Faster exchange of data between banks and FFIEC Call Agencies  Resources shared more effectively among FFIEC Call Agencies  Easier accommodation of Call Report changes  Long term potential to facilitate bankers’ reuse of data among multiple regulatory and internal reporting needs  Provides structure for automating straight-through processing 4

Benefits - Agencies

 Decrease the time between the receipt of data and the release of data to the public  Decrease the cost of data collection for all parties  Improve data transparency through defined open standards  Create a flexible system that can accommodate evolving business needs  Provide best information and tools to help financial institutions meet their obligations for submitting timely and accurate reports 5

Benefits - Bankers and Vendors

 XBRL can help lower long-term costs  Improved data quality and timeliness  Vendor products easier to maintain and leverage  XBRL frameworks are extensible  Developing additional frameworks can be simplified when data requirements are shared  Many institutions report similar data to federal, state and local governments  Potential for consolidating regulatory reporting 6

Why XBRL?

 Provides foundation data for bank supervision and industry analysis  Data structures are well-documented  More than 8,300 institutions report quarterly  Currently collect 2,000 data fields  Nearly 400 pages of instructions  1,500 edit formulas to promote data quality  Promotes effective data exchanges across legacy systems without significant re-programming 7

Major Business Model Changes - Agencies

 What’s New  Centralized data storage and processing facility  Shared costs and management  Meta-data published in XBRL format  Historical data available for banks and vendors  Expedited data publication  What’s the Same  Timely and accurate Call Report requirements  Customer service for requirements; exceptions and accounting rules 8

Major Business Model Changes - Banks

 What’s New  Elimination of paper-based meta-data materials (forms, instructions, validation criteria)  Pre-validation of data required   Math and logic errors eliminated before processing Quality edit variances require explanation  Internet delivery of data to CDR  More responsibility for amended data  What’s the Same  Ultimate responsibility for data  Relationship with software providers  Little or no impact on legacy systems 9

Major Business Model Changes - Vendors

 What’s New  Meta-data management process centralized  XBRL inputs and outputs  Support pre-validation requirement  Support reporter authentication, authorization and file format  Historical data available for edits  Potential for cost savings over time (ease of update, reusability)  What’s the Same  Continue to provide software and services  Ability to leverage processes and services to customers 10

Industry Participation

Focus Groups  Facilitate communication and coordination with major stakeholders  Four major Focus Groups:  Financial Institutions Focus Group  Call Report Software Vendors Focus Group  XBRL Standards Group  Technology Forecasting Group 11

Operational launch is planned for the third quarter – October 1, 2005 Additional information available at: www.FFIEC.gov/FIND 12